Inspection fees

{
  "id": "MLC-T-INS-001844",
  "term": "Inspection fees",
  "field": "Insurance and risk management",
  "definition": "Charges levied by an insurer or a third-party inspection service for evaluating the condition of property or the operational risks of a business before or during the policy period. These fees cover the cost of assessing hazards, verifying information provided in the application, and recommending risk improvements. They are separate from the premium and may be charged annually.",
  "url": "https://mlchart.com/terminology/insurance/inspection-fees/"
}